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-7.22543352600499E-05 0.00043352601156071 -0.00278179190751438 -0.00249277456647398 -0.000144508670520305 -0.00424494219653183 -0.00693641618497116 -0.00238439306358391
Stock impact report

Fed rate cut brings lower credit card costs while mortgage relief lags [USA TODAY]

Northern Trust Corporation (NTRS) 
Last northern trust corporation earnings: 4/21 07:29 am Check Earnings Report
Company Research Source: USA TODAY
And you may not have to wait until interest rates finally drop to reap the savings. Forecasts vary for how many more times the Fed could cut interest rates in 2026. Some say one, two or even three more rate cuts ahead. Mortgage rates already have fallen as markets anticipated a Fed rate cut in December. Cantankerous and increasingly cautious consumers — perhaps put on edge by seemingly shrinking paychecks, a weaker job market and stubbornly high prices — gave the more room to cut interest rates for a third time in 2025. On Wednesday, Dec. 10, the nation's central bank cut short-term interest rates by a quarter percentage point. The Fed's December rate cut drove the short-term federal funds rate to a target range of 3.5% to 3.75%. The Fed noted in its statement that "job gains have slowed this year, and the More recent indicators are consistent with these developments." The decision was not unanimous. "Voting against this action were Stephen I. Miran, who preferred to lower Show less Read more
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